Nuveen Floating Rate Income Fund (NYSE:JFR – Get Free Report) announced a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be given a dividend of 0.078 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date is Friday, May 15th.
Nuveen Floating Rate Income Fund Trading Up 0.1%
Shares of JFR stock traded up $0.01 on Wednesday, reaching $7.57. 266,115 shares of the stock were exchanged, compared to its average volume of 867,354. Nuveen Floating Rate Income Fund has a one year low of $7.16 and a one year high of $8.59. The stock has a 50 day moving average price of $7.45 and a 200 day moving average price of $7.71.
About Nuveen Floating Rate Income Fund
Nuveen Floating Rate Income Fund (NYSE: JFR) is a diversified, closed-end management investment company that seeks to provide current income by primarily investing in floating rate senior loans and other floating rate debt instruments. The fund focuses on senior secured loans issued by U.S. and non-U.S. corporations, aiming to benefit from variable interest payments that adjust with prevailing short-term rates and to help mitigate interest-rate risk. In pursuing its objective, the fund may also allocate assets to high-yield corporate debt, bank debt and other floating-rate instruments across a range of industries.
The fund employs leverage and a disciplined credit review process to enhance income generation.
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